Claims scheme enacted for insurer in run-off
19 October 2009
The Federal Government has enacted the Financial Claims Scheme Policyholder Compensation Facility for the first time…
Local
Judge lashes ‘obtuse’ APRA
19 October 2009
Ethical obtuseness, reprehensible behaviour and unreasonable attitudes…
Insurers’ investments rising, but trouble ahead
19 October 2009
Rising interest rates and improving equity markets are boosting insurers’ investment returns in the short term, but they will continue to face difficulties financing debt…
MP attacks Insurance Commission of WA
19 October 2009
A Western Australian MP has accused the Insurance Commission of WA of covering up a covenant enforced on a shopping centre it owns…
CTP insurers move in on Canberra
19 October 2009
NRMA Insurance’s monopoly in the ACT’s compulsory third party market is at an end, with one new licence already issued and four more insurers expressing interest…
Funding boost for Victoria’s bushfire areas
19 October 2009
Victorian communities devastated in the February bushfires have received another boost, with the Federal and Victorian governments announcing $193 million will go towards…
Asbestos issue bogged down in court system: lawyer
19 October 2009
It’s time to consider moving asbestos-related liability claims away from the adversarial common law system, according to a senior insurance lawyer…
Insurers ‘getting it right’ with indemnity exclusions
19 October 2009
Better insurance industry practices and clearer professional indemnity policies are two trends to emerge from the economic turmoil of the past 12 months…
Claims from landlords jump 21%
19 October 2009
Paying rent wasn’t a high priority for some tenants during the economic downturn, with one insurer’s claims for rental losses increasing 21% during the past year…
NZ compo scheme blows out $3.9 billion
12 October 2009
New Zealand is bracing for double-digit rises in national no-fault personal injury cover on the back of a $NZ4.8 billion ($3.9 billion) blowout in liability for the Accident Compensation…
Consistency key to regulatory compliance
12 October 2009
Insurance brokers will find it difficult to avoid any new regulation surrounding fees for service, according to a regulatory compliance expert…
Tower NZ tallies claims after Pacific tsunami
12 October 2009
Tower NZ has collected close to $NZ20 million ($16.5 million) in claims following this month’s earthquake and tsunami in the Pacific Islands…
State and federal taxes ‘too high’
12 October 2009
A global survey on taxation has highlighted the burden Australia’s state and federal taxes, compulsory superannuation contributions and workers’ compensation insurance…
Victoria still not ready for fire season
12 October 2009
The Victorian Government concedes that not all measures recommended by the Victorian Bushfires Royal Commission will be ready in time for the upcoming bushfire season…
New insurance magazine set for launch
12 October 2009
Online news publisher insuranceNEWS.com.au has announced plans to launch a new magazine for the risk insurance sector…
Insurer faces up to Samoan tsunami
05 October 2009
Insurer Tower NZ has forecast “extensive” insured losses following last week’s earthquake and tsunami in the Pacific Islands…
Federal Court allows claims against Lehman Bros
05 October 2009
Local councils have won the right to pursue insurance payouts from policies belonging to failed US investment bank Lehman Brothers…
Extreme weather fuels dispute spike
05 October 2009
General insurance disputes increased by 34% in the 2008/09 financial year, according to the latest annual review from the Financial Ombudsman Service…
Honours even among top home insurers
05 October 2009
A financial services group and two banks join three of Australia’s leading general insurers to receive five-star ratings for their home and contents insurance from financial services researcher Cannex…
Claims trickle in after wild weather in Tasmania
05 October 2009
Insurers have escaped massive payouts after wild weather struck Tasmania last week…